section 2
Amendment of Section 6
Mizoram Fiscal Responsibility and Budget Management (Amendment) Act, 2011Finance20113 sections
Statutory text
In clause (4) of Section 6 of the Principal Act, the following shall be substituted, namely:- “(4) reduce fiscal deficit annually at a percentage of Gross Domestic Product so as to reach the goal set out in clause (2) with the following rates of annual reduction -7.5% in 2010-11, 6.4% in 2011-12, 5.2% in 2012-13, 4.1% in 2013-14 and 3.0% in 2014-15”
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